Origin Energy Ltd’s [ASX:ORG] share price is up by 1.54% today. Origin has experienced a steady gain over the last two months, despite a high level of volatility over the last five years. This is…
Australia is the world’s fourth largest exporter of liquefied natural gas (LNG).
LNG is natural gas — mostly methane — which has been cooled to minus 161°C to reach a liquid state.
By liquefying natural gas, its volume reduces by a factor of 600 and enables storage and transportation in specifically designed tankers.
LNG is widely seen as a clean, safe and convenient form of energy, which can be readily supplied to distant markets. It is transported to dedicated receiving terminals, which have the capacity to store the product until energy is demanded. In its liquid state, natural gas is not flammable or explosive, making it a much safer source of energy than other conventional methods.
Natural Gas Companies on the ASX
Australia is the third largest LNG exporter in the Asia-Pacific region, and the fourth largest LNG exporter in the world, exporting 18.9 million tonnes in 2011 at a value of $11.1 billion.
Australia has contracts to supply LNG to Japan, China, and South Korea, and has made spot market sales to numerous other countries.
Natural Gas Companies on the ASX
Santos Ltd [ASX:STO], Origin Energy Ltd [ASX:ORG] and Woodside Petroleum Ltd [ASX:WPL] are the major producers of LNG on the ASX. Australia has several operating LNG developments and a further three under construction.
These new projects are providing major benefits in the form of long-term employment and government revenue.
So, if you like the sound of LNG, we do too. It’s a growing industry that’s changing the world. That’s why there’s always plenty of EXCITING news to talk about. Read more below.
Norway wants out of oil! Norway’s sovereign wealth fund, worth US$1 trillion, said it wants out of petroleum stocks.
Turnbull is trying his hardest to keep the plant open, extending its already long life. But keeping it running beyond its scheduled closure in 2022 would cost as much as $900 million.
The biggest losers on the market were gas and oil futures. Bloomberg has reported gas futures for October dipped 9.8 US cents — or 3.2% — to US$2.972 earlier this week. Meanwhile, oil futures have…
Oil slides despite US supply concerns Crude Oil: -2.63% to US$47.10 The resurgence of oil has been on our radar all week here at Markets & Money.
After months of trading above US$50 per barrel, oil prices have nose-dived. The record amount of long speculative positions have reversed.
Drillers in the US are pumping record levels of oil and gas. The US is on track to be a net exporter of natural gas in 2018 — for the first time ever
Oil prices fell heavily. Gold’s under pressure, and iron ore prices are off their highs. Is this a standard correction for commodity markets, or is the fledging bull market about to come to an end?
Shares of WorleyParsons Ltd [ASX:WOR] fell more than 12% today as the company revealed outstanding debts of $230 million from state government-owned businesses, and a loss of $2.4 million.
West Texas Intermediate and Brent crude oil soared more than 8% on the back of an unlikely OPEC agreement to cut supply starting from January.
From the European Union’s point of view, the relationship between Russia and Greece might already be too close for comfort.
India has announced it aims to attract $25 billion dollars in oil and gas investment with the help of reforms to its licensing and production rules.
The shale revolution in the US has sent US gas supply skyrocketing. Now the US is going to become a major gas supplier to the world.
Coal and natural gas are our two biggest exports after iron ore. You can easily see iron ore bouncing back in the future. There are plenty of candidates who could take up China’s slowing demand…